Kenya and India Lower Interest Rates to Boost Economic Growth
Key Points
- Kenya cuts interest rates to 9.75% for the sixth consecutive...
Who knew central bankers could be such trend-setters? Kenya's monetary chiefs have just cut interest rates for the sixth time in a row, proving that sometimes the best fashion statements come from the world of finance.
Kenya's Hot New Discount: Everything Must Go (Down)!
The Central Bank of Kenya has slashed its benchmark rate to 9.75% this May, making it easier for everyone to get their hands on some sweet, sweet credit. With inflation chilling at a cool 3.8%, the bank figured it was time to spread some monetary love around the economy. It's like they're having a sale on money, except you...
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